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RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases
Fp Staff •A softer stance would bode well for Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces elections by May
L&T Finance Cashes In Big Returns With BPM
Fp Archives •For rapid business expansion at controlled costs, L&T Finance the company decided to centralise its retail loan processing.
Newgen Implements BPM Solution At L&T Finance
Fp Archives •The solutions helps support rapid branch roll-out, deliver uniform user experience and enhance operational agility.
Cranes Software Bags BR.net Order From L&T Finance
Fp Archives •L&T Finance identified microfinance as yet another opportunity and selected BR.net for its microfinance operations initiative.
Four fund houses in talks for mergers in Rs 15 lakh cr mutual fund industry, say experts
•Total asset base of the Indian mutual fund business crossed Rs 15 lakh crore last month, although the industry is highly scattered with 42 active players with most of them having small businesses.
On-tap bank licence: RBI looks to tap NBFCs in growth push but not many will bite the bait
Fp Staff •Not many NBFCs are likely to convert into banks given the stringent guidelines and statutory norms, say analysts
Snapdeal to help sellers get loans worth Rs 1,000 cr by Mar'16
Fp Archives •Launched in August last year, Capital Assist helps sellers meet their working capital requirement as they scale their businesses on the Snapdeal marketplace platform.
L&T Finance exits Federal Bank by selling 5% stake
Fp Archives •L&T Finance today sold its entire 4.67 percent stake in private sector lender Federal Bank for about Rs 363 crore.
Federal Bank falls 3% after L&T Finance sells stake in co
Fp Archives •Shares in private sector lender Federal Bank fell 2.5 percent after L&T Finance Holdings sold 7.99 million shares in the bank at an average price of Rs 453.37.
L&T Finance to buy 50% in Future's life insurance JV for Rs 600 cr
Fp Staff •his deal is part of Future Group's strategy to cut down its mounting debt and focus on the organised retail sector. Cash generated from the deal will go towards retiring debt.